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What does the future hold for the welfare state in the post industrial 21st century political and economic forces are threatening the taxation regimes of highly globalised capitalist societies prompting an urgent debate around the function of the welfare state and how we pay for it. Book description what does the future hold for the welfare state in the post industrial 21st century political and economic forces are threatening the taxation regimes of highly globalised capitalist societies prompting an urgent debate around the function of the welfare state and how we pay for it. What does the future hold for the welfare state in the post industrial 21st century political and economic forces are threatening the taxation regimes of highly globalised capitalist societies prompting an urgent debate around the function of the welfare state and how we pay for it. Intro paying for the welfare state in the 21st century contents list of figures list of tables acknowledgements abbreviations and acronyms introductionwhy understanding the tax system is so important 1. Paying for the welfare state in the 21st century shows that argument to be specious relating current debates about taxation and welfare to a deeper understanding informed by political economy of the relationship between taxation and spending on social services only by understanding the critical functions of welfare in post industrial